The Latest Breaking News from Josh DAmaro

The Magic Kingdom made about $1 billion disappear in Florida on Thursday.

Disney canceled plans to build new Florida campus and relocate 2,000 workers

The office complex was estimated to bring more than 2,000 jobs to Orlando.

The Walt Disney Co. says it's scrapping plans to build a new campus in central Florida and relocate 2,000 employees from Southern California to work in digital technology, finance and product development

Last week, Walt Disney Co. Chief Executive Bob Iger issued a not-very-subtle challenge to the state of Florida and its Republican Gov. Ron DeSantis, who has been openly attacking the company as a "woke corporation" as he prepares for an expected presidential run.

Disney and Florida's ongoing battle has just resulted in the company pulling the plug on major plans in the state.

A robotic rabbit wearing a helmet and roller skates tumbled out of a crate and got to its feet alone, extending its arms to balance itself on a stage at Disney’s panel at the South by Southwest conference in Austin, Texas.

Disney will be cutting jobs in its theme parks division as part of a move to lay off 7,000 workers across the company, the chairman of the group said in an email to employees Thursday.

There's no one formula for every company.

Sometime in the next decade, Disney World visitors could venture into Maleficent’s castle or sit down for a meal in the village of Santa Cecilia from Pixar’s 2017 film “Coco” — but Disney could also scrap plans long before the first guest sets foot inside.

Disneyland, a rite of passage for many Southern Californians, celebrated its second proper grand opening a year ago this week on April 30. After a pandemic-induced closure of just over 13 months, a park that since 1955 has put forth the argument that there is a better, more triumphant version…